BGT vs. XPTFX
BGT (BlackRock Floating Rate Income Trust) and XPTFX (Federated Hermes Project and Trade Finance Tender Fund) are both Bank Loan funds. Over the past 5 years, BGT returned 6.69%/yr vs 6.57%/yr for XPTFX. Their 0.03 correlation means their historical movements had little consistent relationship. BGT charges 1.74%/yr vs 0.41%/yr for XPTFX.
Performance
BGT vs. XPTFX - Performance Comparison
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Returns By Period
In the year-to-date period, BGT achieves a 2.82% return, which is significantly lower than XPTFX's 3.95% return.
BGT
- 1D
- -0.37%
- 1M
- 2.55%
- 6M
- 0.60%
- YTD
- 2.82%
- 1Y
- -3.45%
- 3Y*
- 8.64%
- 5Y*
- 6.69%
- 10Y*
- 6.41%
- ALL TIME*
- 5.38%
XPTFX
- 1D
- 0.00%
- 1M
- 0.50%
- 6M
- 3.33%
- YTD
- 3.95%
- 1Y
- 7.07%
- 3Y*
- 7.88%
- 5Y*
- 6.57%
- 10Y*
- —
- ALL TIME*
- 4.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.54M | $1.32M | $1.16M | |
| $0.00 | $0.00 | $0.00 |
BGT vs. XPTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 2.82% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 0.62% |
XPTFX Federated Hermes Project and Trade Finance Tender Fund | 3.95% | 7.47% | 8.62% | 8.55% | 3.74% | 1.91% | 2.18% | 4.70% | 4.47% | -0.10% |
Correlation
The correlation between BGT and XPTFX is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.03 |
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Return for Risk
BGT vs. XPTFX — Risk / Return Rank
BGT
XPTFX
BGT vs. XPTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and Federated Hermes Project and Trade Finance Tender Fund (XPTFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BGT | XPTFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 4.11 | -3.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 3.68 | -3.99 |
| Martin ratioReturn relative to average drawdown | -0.65 | 11.56 | -12.21 |
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Drawdowns
BGT vs. XPTFX - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than XPTFX's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for BGT and XPTFX.
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Drawdown Indicators
| BGT | XPTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -2.95% | -55.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -1.96% | -8.97% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -2.95% | -12.96% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -2.95% | -20.24% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | — | — |
Current DrawdownCurrent decline from peak | -3.45% | 0.00% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -0.26% | -7.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 0.62% | +4.79% |
Volatility
BGT vs. XPTFX - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 3.12% compared to Federated Hermes Project and Trade Finance Tender Fund (XPTFX) at 0.21%. This indicates that BGT's price experiences larger fluctuations and is considered to be riskier than XPTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | XPTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 0.21% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 0.60% | +6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 2.93% | +7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 2.53% | +11.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 2.00% | +13.35% |
BGT vs. XPTFX - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than XPTFX's 0.41% expense ratio.
Dividends
BGT vs. XPTFX - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.38%, more than XPTFX's 6.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.38% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
XPTFX Federated Hermes Project and Trade Finance Tender Fund | 6.03% | 7.24% | 6.78% | 6.66% | 5.70% | 2.21% | 2.74% | 4.62% | 4.60% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGT and XPTFX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGT has higher volatility (3.12%) compared to XPTFX (0.21%). In terms of maximum drawdown, BGT dropped -58.06% vs XPTFX's -2.95%.
XPTFX currently has the higher Sharpe Ratio (2.46 vs -0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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